Tempe, Arizona is a part of the North Tempe Submarket submarket area, and contains 7 zip codes, including: 85287, 85282, 85280, 85283, 85284, and 85281.
The 2019 average effective rent for Class A, B, and C apartments in the Tempe, AZ submarket area was $1,270, which is 39.56% lower than 2014 average rent. This represents a compounded annual growth rate of 6.89%. 2019 vacancy in Tempe, AZ was 6.90%.
The total population of the city of Tempe, AZ has grown 18.95% since 2010. As of 2018, the population was 192,364. The median household income of the Tempe was $54,210, which is -10.09% lower than the national average.